Industry needs to be ready for carbon credit scheme

By

Stephanie Biggs

May 21, 2010 7:24 pm GMT

The UK is committed to reducing its greenhouse gas emissions by 34% by 2020. What does that have to do with private equity? More than you might think. If your portfolio included, on December 31, 2008, a controlling stake in a company with UK operations, you may need to register with the Environment Agency as a participant in the new CRC (carbon reduction commitment) energy efficiency scheme. And, if you do need to register, the deadline is fast approaching.

The CRC is a mandatory climate change and energy saving scheme introduced...